The Divide: American Injustice in the Age of the Wealth Gap Highlight

The result was a generation of traders who exemplified an ethos completely opposite that preached by Buffett, Graham, and, well, Prem Watsa: people who didn’t invest in companies for the long haul but instead invested in stock positions and sometimes held those positions for just a few seconds. These people did not think of themselves as part owners of companies. They boarded this or that ship only for a few minutes, raped and robbed as much as possible from the hold, and then took off back out into the open ocean.